The evolution of the Dutch dairy industry and the rise of cooperatives.A research note

Koen Frenken

No 13-07, Working Papers from Eindhoven Center for Innovation Studies

Abstract: Economic historians tend to explain the rise of the cooperative form in agriculture from the advantage of cooperative over private factories in reducing transaction costs with suppliers. This study provides a first test of this thesis using data on 1130 dairy factories in The Netherlands. Indeed, we find that cooperative factories performed significantly better than private factories. The persistence of private factories in certain regions can be explained by first-mover advantages.

Keywords: cooperatives; first mover advantage; transaction costs; survival analysis; industry lifecycle; dairy industry (search for similar items in EconPapers)
Date: 2013-08, Revised 2013-08
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Journal Article: The evolution of the Dutch dairy industry and the rise of cooperatives: a research note (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ein:tuecis:1307

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